Heubach Partners With SK Capital to Buy Clariant’s Pigments Business
LANGELSHEIM, Germany/NEW YORK – The Heubach Group, in partnership with SK Capital Partners, announced a definitive agreement to acquire Clariant’s Pigments Business (Clariant Pigments). The combined business will operate under the Heubach name, creating a global pigments leader generating more than €900 million in annual sales.
The transaction values Clariant Pigments at approximately CHF 805 million, with additional consideration of CHF 50 million contingent on the 2021 financial performance of the business unit. As part of the transaction, Clariant will be reinvesting for a minority stake in the combined business. Closing of the transaction is subject to customary conditions and approvals and is expected to take place in the first half of 2022.